08242016Wed
Last update: Wed, 24 Aug 2016 06pm

Americas

Markets - FXMM - Americas

Latam currencies weaken as tepid U.K. data rekindles Brexit woes SAO PAULO: Most Latin American currencies weakened on Monday after tepid U.K. manufacturing data reinforced concerns over economic spillover stemming from the so-called "Brexit" vote.Separate surveys showed British manufacturing shrinking at the fastest pace in over three years, while business confidence tumbled. Many investors had brushed off Britain's decision to leave the European Union, hoping that global central banks would counteract any financial turmoil with fresh stimulus.But recent figures showed growing odds that Britain could soon face a recession, weighing on appetite for risk-bearing assets.The Mexican and Colombian pesos declined on Monday after strengthening sharply on Friday. A tumble in crude prices following increases in OPEC production and US oil rig additions also pressured both currencies.Brazil's central bank decision to intervene once again after standing pat for a day contributed to a drop in the real.The country's benchmark Bovespa stock index slipped 0.3 percent as lower crude prices hit shares ...

Markets - FXMM - Americas

Dollar recoups losses after worst week in 3 months NEW YORK: The dollar rebounded on Monday after its poorest weekly performance in three months the previous week, helped by gains against the yen, which pulled back from Friday's three-week highs after the Bank of Japan eased policy less aggressively than expected. The dollar shed 2 percent last week against a basket of currencies after the Federal Reserve gave no hint it would raise interest rates soon, and on disappointing US growth data at the ...

Markets - FXMM - Americas

Sri Lankan rupee falls slightly on importer dollar demand; stocks down COLOMBO: The Sri Lankan rupee edged down on Friday due to importer dollar demand a day after the central bank surprisingly raised key policy rates, dealers said.After market hours on Thursday, the central bank raised its main interest rates by 50 basis points each in a surprise move aimed at curbing stubbornly high credit growth that is adding to concern about inflationary pressures.The central bank governor said on Friday the nation's economy can still grow ...

Markets - FXMM - Americas

Euro rises slightly in wake of US Fed NEW YORK: The euro rose slightly against the dollar on Thursday, a day after the US central bank left interest rates untouched but signaled cautious optimism.At 2100 GMT, the euro stood at $1.1076, down from $1.1119 during the day's trading but slightly up from $1.1062 on Wednesday.The dollar stabilized against the yen at 116.65 versus 116.49 late Wednesday. The Bank of Japan is due to wrap up a policy meeting on Friday as markets await ...

Markets - FXMM - Americas

C$ resilient to oil fall as Fed weighs on greenback TORONTO: The Canadian dollar firmed against the greenback on Thursday as its US counterpart was pressured after the Federal Reserve stopped short of signaling an imminent US interest rate hike, while investors eyed domestic economic data due on Friday.The loonie, as the Canadian currency is colloquially known, has held relatively firm against the falling price of oil, a major Canadian export, this week as currency markets focus on global central bank moves."Despite oil moving down ...

Markets - FXMM - Americas

Dollar weakens as Japan takes back focus from Fed NEW YORK: The US dollar weakened on Wednesday after the Federal Reserve's statement was seen as increasing the possibility of a September rate hike, but not strongly pointing towards one, and as investors turned attention back to the Japanese central bank meeting on Friday. Fed policymakers kept interet rates unchanged and said they continued to monitor inflation data and global economic and financial developments, but indicated less worry about possible shocks that could push the ...

Markets - FXMM - Americas

Yen slips as central banks' views leave stocks mixed NEW YORK: The yen eased against the dollar on Wednesday after Japan unveiled a surprisingly large $265 billion stimulus package, while US equity markets mostly declined following the Federal Reserve's decision to leave interest rates unchanged. The Fed said at the end of a two-day meeting of its policy-setting Federal Open Market Committee that near-term risks to the US economy had diminished, a view that could open the door to a resumption of monetary policy ...